Barclays CEO to keep control of investment arm
Technology arms race means there will be growth but it will be slow, says Jes Staley
22 January 2020 - 17:49
London — Barclays is sticking to a strategy that keeps CEO Jes Staley in charge of its closely scrutinised investment bank after a tumultuous 12 months.
Staley has “a more direct line of sight” into the unit with three senior bankers on the executive committee, he said in an interview with Bloomberg TV. He took direct control of that business after Tim Throsby’s departure and has been seeking to cut costs in a bid to better compete with Wall Street peers...
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